finance for randstad business leaders

The Finance for Randstad Business Leaders learning journey is specially designed for non-financial managers who need an understanding of financial principles, which are being used at the Randstad Group, in order to control and steer the business better. A company’s operations and finances are integrally connected. Finance is the scorecard of business. It translates our company’s HR services activities into a set of objective numbers that provide information about our performance, challenges and prospects. Finance involves the interpretation of numbers for assessing performance and planning future actions. Managers who possess these skills are able to improve and execute strategies and anticipate the financial consequences of their actions. Purely monitoring and trying to optimize profitability, particularly during an economic turndown, is not enough. The purpose of this program is to build a common Randstad framework while using the finance current state and future ambition of the Randstad Group from diverse angles.


This program is intended for district managers, market managers, regional directors, senior professionals, senior account managers, operational managers, area managers, commercial managers and above (Hay grade 17 and up), without a strong financial background. Enrolment is subject to approval by the candidate’s manager. As the program is in English, a good command of both spoken and written English is essential. 


The overall objective is to give an insight and to create a common framework for the financial performance of the Randstad Group from the following perspectives: 

  • The external world 
  • Stock exchange analysts
  • Randstad top management
  • An operating company 


More specifically participants will be able to: 

  • Understand key financial concepts - e.g. the difference between opex and capex; the difference between cash and EBITA; the difference between management accounting and financial accounting; free cash flow; economic value added
  • Identify and interpret the financial statements - the P&L; the balance sheet and the cash flow statement and strengthen performance measurement at operating company level
  • Make decisions based on financial implications - e.g. value pricing; margin management; capital investment and budgeting; working capital management and cash conversion
  • Close the gap between strategy and financial performance - linking strategic building blocks to value creation and the key value drivers

the program The complete learning journey is approximately 6 months in duration.

Topics include: Analysis of the Randstad Holding balance sheet, profit-and-loss account and cash flow statement The critical performance drivers of profitability and productivity and how to impact them The principles of investment appraisal Different concepts of value; market value vs. book value and economic profit/value-added

practical information business school partner

The program has been developed by the Frits Goldschmeding Academy in cooperation with London Business School. The content will be delivered by a blended mix of digital content from London Business School World Class Thinkers and practical business-focused inputs from the Program Director, Kate Scott, who qualified as a member of the Institute of Chartered Accountants of England and Wales and who has in her fifteen years at London Business School successfully taught many senior executives how to develop their financial acumen and create value. 


To be confirmed 2021


Tuition for the learning journey will be approximately € 4,000 (50% operating company and 50% Frits Goldschmeding Academy). 

Tuition will be including all seminars, webinars, pre- and post work and 2,5-day workshop. 

Accommodation & meeting costs: €1400 per participant (100% operating company). 

Travel costs: to be arranged and paid by operating company.

Please note that pricing is subject to change. This is an estimated amount, as the fees for accommodation, meals, program fees can vary throughout the year. 


Please enroll the participant via the enrollment form. Note that the enrollment is not final until this has been confirmed by the Frits Goldschmeding Academy. For additional information, please contact the Frits Goldschmeding Academy ( 

If notice of cancellation is received within two months before the journey starts, tuition will be due in full. Operating companies are entitled to replace candidates taking the enrollment requirements into account and allowing sufficient pre-course preparation time.